Are you planning to invest money? Investment can be safe, moderate and risky. You need to know about some important things before investing money. Fixed deposits are believed to safe investments option for a long period in India. Many investors in India invest their money in term deposit or fixed deposit. There are many banks and institutes in India that offer fixed deposit service to investors. Investors need to know that which bank or institute offer maximum FD Interest Rate before investing money. Refer this article to know Maximum Bank FD Interest Rate in India.

Fixed Deposits means you need to invest money for fixed time duration. You will get interest rate by bank on the basis of this loan amount and the term of deposit. Banks offer more interest rate on fixed deposits in comparison to general bank accounts. Banks and financial institutes that are regulated by Reserve Bank of India are believed to be safe to invest money. So, you need not to worry for your money as it is in safe hands. You can save tax by investing money in fixed deposits that offer high returns on invested money. Fixed deposit is very useful for retirees as they get regular income in the form of interest in fixed time duration.

However make sure about that you can not get the similar returns in a fixed deposit as you may get in the stock markets. Moreover, your interest rate with fixed deposit will be affected with inflation. You need to know the concept of effective return that is high in comparison to the rate of interest on the FD. If you select to re-invest your interest yearly, then effective return is applicable and you will get compound interest. In addition to this, you need to check the secure bank that offers maximum interest rate in the time duration that suits you.

Banks provide maximum FD Interest Rates on the amount of less than 5 Lakh: